UBS Asset Management Americas Inc. raised its holdings in shares of Howard Hughes Corp (NYSE:HHC) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,780 shares of the financial services provider’s stock after buying an additional 422 shares during the period. UBS Asset Management Americas Inc.’s holdings in Howard Hughes were worth $3,909,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HHC. Jennison Associates LLC boosted its position in shares of Howard Hughes by 18.8% during the fourth quarter. Jennison Associates LLC now owns 743,602 shares of the financial services provider’s stock valued at $97,613,000 after buying an additional 117,647 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Howard Hughes by 45.3% during the third quarter. Epoch Investment Partners Inc. now owns 337,229 shares of the financial services provider’s stock valued at $39,770,000 after buying an additional 105,208 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Howard Hughes by 111.3% during the third quarter. JPMorgan Chase & Co. now owns 195,176 shares of the financial services provider’s stock valued at $22,921,000 after buying an additional 102,794 shares during the period. Schroder Investment Management Group boosted its position in shares of Howard Hughes by 54.2% during the third quarter. Schroder Investment Management Group now owns 252,171 shares of the financial services provider’s stock valued at $29,615,000 after buying an additional 88,667 shares during the period. Finally, PenderFund Capital Management Ltd. purchased a new position in shares of Howard Hughes during the fourth quarter valued at approximately $8,677,000. Institutional investors and hedge funds own 83.89% of the company’s stock.

How to Become a New Pot Stock Millionaire

Howard Hughes Corp (NYSE:HHC) opened at $137.43 on Wednesday. Howard Hughes Corp has a 12-month low of $113.64 and a 12-month high of $139.50. The stock has a market capitalization of $5,980.38, a P/E ratio of 80.20 and a beta of 1.29. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.04 and a current ratio of 2.04.

Howard Hughes (NYSE:HHC) last posted its quarterly earnings results on Monday, February 26th. The financial services provider reported $3.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $3.19. Howard Hughes had a net margin of 15.31% and a return on equity of 2.52%. The firm had revenue of $300.98 million during the quarter, compared to the consensus estimate of $239.83 million. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. equities research analysts forecast that Howard Hughes Corp will post 1.1 EPS for the current fiscal year.

In other news, Director Pershing Square Capital Manage sold 2,500,000 shares of Howard Hughes stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $127.86, for a total transaction of $319,650,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 20.70% of the company’s stock.

HHC has been the subject of several recent analyst reports. Zacks Investment Research upgraded Howard Hughes from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Sandler O’Neill set a $140.00 target price on Howard Hughes and gave the company a “hold” rating in a research report on Thursday, March 8th.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Daily Political and is the property of of Daily Political. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.dailypolitical.com/2018/03/14/howard-hughes-corp-hhc-holdings-lifted-by-ubs-asset-management-americas-inc.html.

Howard Hughes Company Profile

The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments.

Want to see what other hedge funds are holding HHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howard Hughes Corp (NYSE:HHC).

Institutional Ownership by Quarter for Howard Hughes (NYSE:HHC)

Receive News & Ratings for Howard Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes and related companies with MarketBeat.com's FREE daily email newsletter.